Rubberized asphalt paving composition and use thereof

A method for the manufacture of a paving composition which comprises:

• 1. blending about 50-89 weight-percent, based on the final composition, of an asphaltic component selected from the class consisting of molten paving grade asphalts, slow curing liquid asphalts and road oils, with about 1-20 weight-percent of a mineral oil solvent having a flash point above about 350.degree. F, and containing more than about 50 weight-percent aromatics, at least about 50% of said solvent boiling above 700.degree. F, and at least about 90% thereof boiling above 600.degree. F;
• 2. adding to the blend from step (1) about 10-30% by weight, based on the final composition, of a granulated reclaimed rubber component, about 10-60 weight-percent of said reclaimed rubber component being vulcanized natural rubber, and about 15-70 weight-percent thereof being devulcanized rubber;
• and
• 3. heating and agitating the resulting mixture at a temperature between about 300.degree. and 500.degree. F for a time sufficient to produce a substantially homogeneous composite.